Somewhat Favorable Press Coverage Somewhat Unlikely to Affect InfoSonics (IFON) Stock Price

Headlines about InfoSonics (NASDAQ:IFON) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. InfoSonics earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 47.1062717217205 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of InfoSonics (NASDAQ IFON) traded down $0.19 on Thursday, hitting $1.50. The stock had a trading volume of 206,200 shares, compared to its average volume of 100,135. InfoSonics has a 12-month low of $1.32 and a 12-month high of $5.20.

InfoSonics (NASDAQ:IFON) last issued its quarterly earnings results on Thursday, November 9th. The communications equipment provider reported ($0.56) earnings per share (EPS) for the quarter. The business had revenue of $6.01 million for the quarter. InfoSonics had a negative net margin of 13.88% and a negative return on equity of 38.12%.

Separately, ValuEngine upgraded InfoSonics from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd.

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About InfoSonics

InfoSonics Corporation is a provider of wireless handsets (phones, cell phones, mobile phones, feature phones and smartphones), tablets and accessories to carriers and distributors in Latin America and the United States. The Company defines, sources and sells a line of products under the verykool brand.

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